Jeff, thanks for your reply.
There are no applications on the web server yet. As a simple test to ensure IIS7 is working, I am referring to accessing the standard HTML file located at: C:\inetpub\wwwroot\iisstart.htm on the server by using the IE browser on my client machine and pointing to http://192.168.10.100
It's a fresh server install, with the hard disk drives reformatted, using default settings of the operating system and IIS7, with service packs, and no antivirus program on the test server to slow things down.
The network is literally a 4 port 100 Mbps unmanaged switch (hence no diagnostic capability) connecting the client and server together. But, I do not believe the switch is the issue because copying large volumes of files (e.g. 5 GB) across the network (i.e. the switch) from the client to another windows file server is fast.
I am relatively new to IIS7 and do not know how to diagnose. Any pointers or help is appreciated.